very smart woman ignores dealer's offer on steel cent.
tahoe98
Posts: 11,388 ✭✭✭
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
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Tip of the hat to Steve for helping her out!
The first dealer, if he checked it with a magnet, should have known to check into it. Fakes are copper. He may have been trying to rip it.
-Jerry
<< <i>Not quite sure from the story if the first dealer was trying to rip her off. But thankfully she was smart enough to check it out further.
Tip of the hat to Steve for helping her out!
While most dealers get tired of seeing junk march through their doors and start off skeptical for good reason, they rarely offer to buy the "junk" on GP unless it perked their interests. The last part tells me he was trying to fish and didn't want to put a real modest offer out on the coin to protect himself either as it might just perk her interest. He tried to defer the perception of its value with the owner and she didn't buy it and he was then backed into a corner and couldn't raise his bid too much. Just guessing though
<< <i>Not quite sure from the story if the first dealer was trying to rip her off. But thankfully she was smart enough to check it out further.
Tip of the hat to Steve for helping her out!
Yes ... Steve is a good guy.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
For every story like this, there are ten more of people who own fakes and keep trying to get a dealer to agree it's not a fake.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
I remember finding steel cents in change as a boy.
Gee, time sure passes quickly!
the article stated it was auction through heritage but it is not in the archives
.
there are other ones listed
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The article in this post states she was looking for help to determine if it was real. From what Heritage states, that was already deternined. I guess back when it was found, because there weren't TPG companies, she had no way of knowing the true value. Perhaps that's what she was looking for. The article in this post also didn't mention anything about the fact that it was already authenticated and that Steve Estes was the one that made that deternination.
Hmmm
Hoard the keys.
<< <i>Here's the auction info about the '44-D. >>
hey thanks, i see why it didn't come up, unlike the other 99% of descriptions where they just list, 1c, 10c, $1 etc they used the word "cent"
guess i'll have to re-evaluate my search criteria for the 1% i've been missing out on, ><
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<< <i>I wouldn't conclude that she was a very smart woman. She responded to the initial dealer's opinion that it was fake exactly like 99% of all laymen respond when you tell them the coin they have is fake--and most of the time it is fake.
The first dealer, if he checked it with a magnet, should have known to check into it. Fakes are copper. He may have been trying to rip it.
-Jerry >>
I think this makes the most sense , if theres so many people lining up with fakes as mentioned in the thread why would a dealer even give this a 2nd glance ? He made an offer suspecting it was fake ? yeah....right
It would make me sick to think my heirs could/would get screwed if I hadn't disposed of my collection before my time is up.
<< <i>This should be a lesson to all of us. We usually never know when our time is up.
It would make me sick to think my heirs could/would get screwed if I hadn't disposed of my collection before my time is up. >>
Why not simply educate your heir , in this day and age with digital cameras and coin databases and forums online it seems the way to go.Each significant coin or bullion i buy i update my own database with buy price and current market prices , purity etc . All on one dvd that fits nicely into any folder or dansco.One can even make comments as "only a fool would sell for less than x amount" etc ..fit the memo to the heir.
<< <i>Thanks for sharing thos great story.
I remember finding steel cents in change as a boy.
Gee, time sure passes quickly! >>
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